Predictive Discovery Ltd (ASX:PDI, OTC:PDIYF) is readying the drills for regional exploration at the Bankan Gold Project’s Argo prospect in Guinea in the coming weeks with the intention of boosting the 4.2-million-ounce resource.
The company has picked out 11 drill targets at Argo, including multiple high-priority targets, for its initial reverse circulation (RC) drilling campaign.
Data points to key targets
These targets are based on recently conducted induced polarisation (IP) surveys combined with other key geological and exploration data.
The Argo IP surveys consisted of 182 line kilometres of gradient array IP (GAIP), which identified 23 surface anomalies, followed by 10 line kilometres of pole-dipole IP (P-DIP), illustrating that these key GAIP anomalies extend to depth.
Additionally, Argo has conducted a regional gravity survey that upgrades several Argo target areas and identifies targets for auger drilling in other underexplored areas.
A near-resource RC drilling program proceeds apace, with 21 holes completed at 800W and Gbenbeden. The company is awaiting the results for this program. In the meantime, further drilling is planned at Gbenbeden and NEB North.
PDI managing director Andrew Pardey said: “Discovering multiple gold deposits at our highly prospective Bankan Gold Project in Guinea’s Siguiri Basin is a key part of our strategy to develop Bankan into a Tier-1 gold mine, and the exciting results from regional exploration to date underpin this.
Largely underexplored
“Following on from the success of the NEB and BC discoveries in the southern part of the permits, we are currently focusing our regional exploration at the Argo area.
"Argo lies approximately 15 to 20 kilometres to the north and is on the same Birimian/Archean contact zone, a geological setting which is highly conducive to large gold deposits, yet remains largely underexplored.
“The geophysics and shallow drilling programs completed so far at Argo have returned positive results, and we now have 11 drill-ready targets which we plan to start drilling in the coming weeks.
“We will continue working up additional drill targets at Argo and other areas, as well as exploring for additional gold deposits near NEB and BC, as we seek to unlock the full potential of the Bankan Gold Project.”
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